Special Consideration for Student Financial Payments

The Student Financial and Financial Aid teams need to determine which payments to represent on a student's award package. Then use the External Award process to acknowledge payments, waivers, and third-party credits that have already been posted to a student account. Payments posted to a student account can be defined as a one-to-one mapping to a (Financial Aid) item type or a many-to-one relationship.

To set up the mapping, complete the external award attribute setup. Then update the External Award tab on the (Student Financial) Item Type setup table. Run a separate SF External Award process to capture and assess mapped payments and credits to a financial aid item type. The SF External Award process creates external award transactions in the External Award Staging tables.